Munich Re expects further writedowns on its holdings of Greek sovereign bonds in the third quarter, its chief financial officer said on Monday.

Munich Re expects further writedowns on its holdings of Greek sovereign bonds in the third quarter, its chief financial officer said on Monday.

Ambac Assurance Corp. won a bid to reinstate a fraudulent inducement claim against a unit of Credit Suisse Securities over a 2007 mortgage-backed securities transaction Ambac insured.

Hanover Insurance Group Inc projected a third-quarter loss from continuing operations and said its commercial and personal lines segments may have taken a beating from unusually severe weather-related activity.

Hurricane Jova flooded the streets of Mexico's main Pacific port with torrential rain on Wednesday, inundating popular beach resorts and killing at least four people in mudslides.

Big European insurers need not fear higher capital requirements if they are placed on regulators' watch list of financial companies deemed 'too big to fail', a European Commission official says.

Big European insurers need not fear higher capital requirements if they are placed on regulators' watch list of financial companies deemed 'too big to fail', a European Commission official says.

Hurricane Jova bore down on Mexico's Pacific coast on Tuesday, threatening to hit one of the country's busiest cargo ports and tourist resorts with destructive waves, heavy rainfall and flooding